Harvard Licenses Line of Preppy Clothing

Harvard University has licensed its name for use by a designer clothing company that will soon be selling a "Harvard Yard" line, Bloomberg reported. While financial terms were not revealed, the clothing line may relate more to the university's desire to replenish its endowment. While Harvard has made a point in recent years of stressing that it is open to students of all economic means, the same may not be said of the clothing. Trousers will start at $195 and shirts at $160, and the look will be preppy.